Barclays lowered the firm’s price target on Frontier Group to $13 from $16 and keeps an Overweight rating on the shares post the Q2 results. Frontier’s reduction to back half 2023 guidance should not come as a surprise following other airline reports this quarter but investors must wait for next year for management to prove the high-growth, low-cost model can deliver material profitability, the analyst tells investors in a research note.
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Read More on ULCC:
- Frontier Group price target lowered to $12 from $16 at TD Cowen
- Frontier Group price target lowered to $13 from $16 at Barclays
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